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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (57470)	11/8/2007 9:40:40 PM
From: Rock_nj	Read Replies (1) \| Respond to of 57584

Like I said two months ago, the writing was on the wall that oil was heading higher, and it did. The fundementals driving this oil price rise have not changed since then. Don't believe the hype and excuses, oil supply has flatlined and demand is growing, thus the price is going up. We may have very well reached Peak Oil. Alternative energy stocks are already doing well in this environmental, and have lots of gains ahead as we shift away from oil for energy. If oil blows through $100, watch out for the world economy. At some point growth is going to slow dramatically and the central banks won't be able to lower interest rates with inflationary oil rising.